Canada

Cliffs Resources officially shutting Canadian Wabush Mines

Cecilia Jamasmie | October 31, 2014
Cliffs Resources officially shutting Canadian Wabush Mines

About 500 workers will lose their job.

Rio Tinto braces for $2.5bn Oyu Tolgoi writedown

Cecilia Jamasmie | October 31, 2014
Rio Tinto braces for $2.5bn Oyu Tolgoi writedown: report

According to The Times, Rio flagged the possibility of a writedown in August.

First ruby and pink sapphire mine coming soon to Greenland

Cecilia Jamasmie | October 31, 2014
First ruby and pink sapphire mine coming soon to Greenland

True North Gems expects to start production towards the end of winter of 2015.

No dramatic turnaround in the near future, says Cabo Drilling

Michael Allan McCrae | October 30, 2014
boart longyear year end drops mining drilling two

A 46% drop in revenues.

Goldcorp takes $36 million writedown on Mexican mine

Cecilia Jamasmie | October 30, 2014
Goldcorp takes $36 million writedown on Mexican mine

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Barrick boosts ties with China, names Woo Lee as regional leader

Cecilia Jamasmie | October 30, 2014
Barrick boosts ties with China, names Woo Lee as regional leader

Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.

Space miner loses first satellite in rocket explosion

Cecilia Jamasmie | October 29, 2014
Space miner loses first satellite on rocket explosion

The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.

Nova Scotia to use fracking waste at cement plant

Cecilia Jamasmie | October 29, 2014
Nova Scotia to use fracking waste at cement plant

Five million litres of wastewater will be disposed at the Brookfield-based plant following a successful pilot project earlier this spring.

Reports highlight significant economic impact of mining sector

Ontario Mining Association | October 28, 2014

Two independent reports, funded in part by Ontario, highlight the significant economic impacts — including job creation — of the province's mineral sector activity, and provide advice on how to maximize this impacts.

Canada's oil sands group commits to environmental impact reduction

Wall Street Journal Online | October 28, 2014
Oil sands advocate, tired of smears against Alberta, takes on celebrity activists in PR war

The head of a group of Canadian oil sands producers, including some of the world’s biggest energy companies, said Monday that the consortium has committed to reducing the use of fresh water at some operations.

De Beers CEO to be guest speaker, at WDC's 2014 Annual Meeting in Antwerp

World Diamond Council | October 27, 2014
wdc4

Philippe Mellier will address a special all-day session focused on issues associated with the Kimberley Process.

CHARTS: This is how much gold miners really put into their host countries

Cecilia Jamasmie | October 27, 2014
This is how much gold miners really put in their host countries

Members of the World Gold Council spent last year a total of $47 billion in countries hosting their mining operations.

Agnico Eagle’s IIBA talks with Inuit org reach an impasse

Nunatsiaq News | October 26, 2014

Agnico Eagle Mines Ltd. has asked the federal government to intervene and provide compulsory arbitration in its talks with the Kivalliq Inuit Association on an Inuit impacts and benefits agreement for the proposed Meliadine gold project.

Brazil’s Vale close to becoming world’s largest nickel producer

Cecilia Jamasmie | October 24, 2014
Brazil’s Vale close to becoming world’s largest nickel producer

The miner beat estimates after logging a 16% jump in Q3 nickel production, taking total output of the metal this year to 201,400 metric tons.

Kinder Morgan wins battle over pipeline expansion in Canada

Cecilia Jamasmie | October 24, 2014
Canada’s Kinder Morgan wins battle over pipeline expansion

The National Energy Board said Kinder Morgan can conduct survey work at Burnaby Mountain, despite opposition from the city.

Potash Corp remains confident of market outlook despite weak prices

Cecilia Jamasmie | October 24, 2014
Potash Corp remains confident of market outlook despite weak prices

The company is approaching the end of a decade-long, US$8.3-billion investment program to boost its potash production capacity.

Golden opportunity divides town in rural Spanish city

El Pais | October 24, 2014
mina-no

The dispute dates back four years. Some locals still refuse to use certain shops in the village because their owner has taken one side or another regarding a proposal by Canadian company Asturgold to mine one of Europe’s last major gold reserves.

Husky’s cost for oil sands project jumps by $400 million

Globe and Mail | October 24, 2014

Husky Energy Inc. says the price tag for a multibillion-dollar oil sands project jumped by $400-million, another sign that energy companies are struggling to contain costs in northern Alberta.

Barrick Gold Corp. Invests in Southern Nevada through Las Vegas Global Economic Alliance’s ‘Engage Southern Nevada’ Campaign

Recently, Barrick Gold Corp. invested in the Las Vegas Global Economic Alliance’s ‘Engage Southern Nevada’ investment campaign, which launched last year and is a three-year undertaking to raise $7.5 million for regional economic development. Thanks to companies such as Barrick Gold, the endeavor is continuing to gain momentum.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

African Barrick cuts costs, to acquire more gold assets in 2015

Cecilia Jamasmie | October 23, 2014
African Barrick cuts costs, to acquire more gold assets in 2015

Tanzania's largest gold miner reported a 17% jump in third-quarter core profit, and said it anticipates full-year costs at the lower end of it target range of $1,100-$1,175 per ounce sold.

Imperial Metals issues Mount Polley remediation update, has installed berms, pumps

Business in Vancouver | October 23, 2014
B.C. breaking information act by not disclosing Mount Polley reports: lawyers

It said cleanup of the wood that was dislodged after the breach in Quesnel Lake will be completed by mid-November.

Tommy Humphreys

Kicking tires in Alaska and Yukon with mining engineer Jamie Keech

Tommy Humphreys | October 22, 2014
Kicking tires in Alaska and Yukon with mining engineer Jamie Keech

A standout among three of the best Alaska and Yukon gold juniors today.

B.C. Liberal government slashes rate in long-awaited LNG tax

Business in Vancouver | October 22, 2014
B.C. Liberal government slashes rate in long-awaited LNG tax

Recognizing the realities of global energy sector competition and under fire from major LNG proponents prior to being finalized, the BC Liberal government’s tax structure for liquefied natural gas production in the Western Canadian province.

Hopes for Ontario’s Ring of Fire doused as mining companies grow wary

Globe and Mail | October 22, 2014

Ontario’s “Ring of Fire” mineral belt was supposed to be a $60-billion natural resources treasure trove that would bring employment and economic prosperity to a remote part of the province’s north. It hasn’t worked out that way.

Potash Corp./Saskatchewan Given New C$38.00 Price Target at TD Securities POT | Ticker Report

Ticker | October 21, 2014

Research analysts at TD Securities dropped their target priceon shares of Potash Corp./Saskatchewan (TSE:POT) from C$39.00 to C$38.00 in a report released this week.

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